Advokatfirmaet Seland DA holds specific expertise the handling of crises within enterprises, including the restructuring and re-establishing of businesses. The department is lead by partner Stein Inge Spurkland.
We assist businesses experiencing a financial crisis in sorting out its position and to secure that optimal decisions are made.
In particular, we hold extensive experience regarding debt settlement negotiations. In our view, a large number of businesses filing for bankruptcy could have been saved by way of debt settlement negotiations.
Due to strategic decisions within a group, or following changes in the market situation or unsuccessful market approaches, enterprises may have to be discontinued from time to time. We often handle such liquidations, and in doing so, we have gained considerable experience in how to liquidate in order to obtain the best possible for the owners, the employees and the creditors, and also to avoid any personal liabilities for the administration and board of directors.
Regarding bankruptcy, we may:
- Advice on matters regarding the filing for bankruptcy and bankruptcy proceedings
- Sort out which transactions the debtor may carry out prior to filing for bankruptcy
- Sort out which collaterals a creditor may obtain prior to the debtor’s bankruptcy
- Sort out liability issues
- Represent companies and individuals having a claim against an estate or receiving claim from an estate
- Represent the debtor’s owners and board of directors in disputes with the estate, including disputes on personal liability
